King Island Scheelite secures $33m funding for Dolphin tungsten redevelopment
2021-09-07 11:32:03 [Print]
Australian-based King Island Scheelite has confirmed an additional $33 million loan to advance the redevelopment of its Dolphin tungsten project in Tasmania.
"The company remains confident in targeting financial close for the project in the next two months," he said.
This new funding adds to the $10 million loan that King Island is currently renegotiating to receive from the Tasmanian Government. A further $10 million leasing facility on mobile equipment is also being negotiated.
"The company remains confident in targeting financial close for the project in the next two months," he said.
This new funding adds to the $10 million loan that King Island is currently renegotiating to receive from the Tasmanian Government. A further $10 million leasing facility on mobile equipment is also being negotiated.
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